1342 Edgewood Alhambra, CA 91803
6,616 Sqft Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV25241240
HOA Y/N No
Year Built 1979
Lot Size 6,616 Sqft
Property Sub-Type Apartment
Property Description
**Exceptional Income Property with Long-Term Upside**
Positioned on a 6,615 sq. ft. lot in one of Alhambra's most desirable and stable rental markets, this well-maintained five-unit apartment property presents an outstanding opportunity for investors seeking both immediate cash flow and future value-add potential.
Ideally located north of the I-10 Freeway, the property benefits from excellent bus connectivity and convenient access to Metro and Metrolink transit, placing it within the type of transit-oriented location increasingly sought after by multifamily and redevelopment investors.
The property comprises 4,422 sq. ft. of living space with 9 bedrooms and 9 bathrooms, including:
Four 2-bedroom, 2-bath units
One 1-bedroom, 1-bath unit
All units are tenant occupied on month-to-month agreements, offering flexibility for future investment strategies. Each residence includes assigned on-site parking, and water and trash are currently included in the rent.
Additional highlights include:
Owner-operated on-site laundry room providing supplemental income
Strong, established rental market
Convenient access to Cal State LA, shopping, dining, Downtown Alhambra, Pasadena, and Downtown Los Angeles
Excellent commuter location with nearby public transportation
Pro forma rental projections reflecting market rates at the time of listing
Potential for additional development or expansion (buyer to verify with the City of Alhambra)
Whether you're expanding an established portfolio or purchasing your first multifamily investment, this property offers a compelling combination of stable income, desirable location, and long-term appreciation potential.
Investment opportunities offering this blend of location, income, and future upside are increasingly difficult to find in Los Angeles County.
Location
State CA
County Los Angeles
Area 601 - Alhambra
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area, See Remarks
Exterior
Parking Features Assigned
Carport Spaces 7
Pool None
Community Features Sidewalks
View Y/N Yes
View Neighborhood
Roof Type Composition
Total Parking Spaces 9
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5355004011
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Contract
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Contract
Special Listing Condition Standard
